Child alimony anomaly to be rectified
The budget is seeking to remedy the anomalous situation in the income tax law, when it comes to exempting a person who receives child alimony from the other spouse. Finance Minister Tonio Fenech said that up to now, a person paying alimony to the other...
The budget is seeking to remedy the anomalous situation in the income tax law, when it comes to exempting a person who receives child alimony from the other spouse.
Finance Minister Tonio Fenech said that up to now, a person paying alimony to the other spouse, not related to children, was given income tax deductions when the payment was established by the Maltese Courts.
As from next year, the exemption and deduction would also be given when the alimony has been established by foreign courts, on condition that the Commissioner of Inland Revenue approved.